Core AI Holdings (NASDAQ:CHAI) Sees Large Growth in Short Interest

Core AI Holdings (NASDAQ:CHAI) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 1,313,509 shares, a growth of 571.1% from the July 15th total of 195,731 shares. Approximately 7.1% of the company’s shares are sold short. Based on an average daily volume of 23,871,296 shares, the short-interest ratio is currently 0.1 days.

Core AI Trading Down 5.2%

Shares of NASDAQ:CHAI traded down $0.02 during trading on Wednesday, reaching $0.30. 455,023 shares of the company traded hands, compared to its average volume of 3,747,814. Core AI has a 52-week low of $0.29 and a 52-week high of $15.68. The firm has a market capitalization of $6.03 million, a price-to-earnings ratio of -0.07 and a beta of 2.02. The business’s fifty day moving average is $0.67 and its 200-day moving average is $1.13.

Core AI (NASDAQ:CHAI) last posted its quarterly earnings results on Tuesday, June 30th. The company reported ($0.18) EPS for the quarter. The firm had revenue of $3.77 million for the quarter. Core AI had a negative net margin of 78.92% and a negative return on equity of 123.03%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Core AI from a “sell (e)” rating to a “sell (e+)” rating in a research report on Wednesday, July 1st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Institutional Investors Weigh In On Core AI

A hedge fund recently bought a new position in Core AI stock. Geode Capital Management LLC bought a new stake in shares of Core AI Holdings (NASDAQ:CHAI) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 15,069 shares of the company’s stock, valued at approximately $25,000. Geode Capital Management LLC owned 0.08% of Core AI as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 9.87% of the company’s stock.

About Core AI

Siyata Mobile Inc develops and provides cellular communications solutions for enterprise customers. It provides connected-vehicle devices and various accessories that are designed for professional fleets, such as trucks, vans, buses, ambulances, government cars, and others. The company also develops, markets, and sells rugged Push-To-Talk (PTT), mobile devices, cellular amplifiers, and various accessories. In addition, it offers 4G LTE devices, such as Uniden UV350 and Uniden CP250, in-vehicle communication devices that incorporate voice, push-to-talk over cellular, navigation, and data fleet management solutions.